Baker Hughes Announces February 2015 Rig Counts

HOUSTON, March 6, 2015 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for February 2015 was 1,275, up 17 from the 1,258 counted in January 2015, and down 66 from the 1,341 counted in February 2014. The international offshore rig count for February 2015 was 324, up 10 from the 314 counted in January 2015, and up 6 from the 318 counted in February 2014. 

The average U.S. rig count for February 2015 was 1,348, down 335 from the 1,683 counted in January 2015, and down 421 from the 1,769 counted in February 2014. The average Canadian rig count for February 2015 was 363, down 5 from the 368 counted in January 2015, and down 263 from the 626 counted in February 2014.

The worldwide rig count for February 2015 was 2,986, down 323 from the 3,309 counted in January 2015, and down 750 from the 3,736 counted in February 2014.      

February 2015 Rotary Rig Counts




February 2015






January 2015




February 2014




Land

Offshore

Total



Month
Variance


Land

Offshore

Total



Land

Offshore

Total




















Latin America


283

72

355



4


272

79

351



327

73

400


Europe


77

56

133



5


83

45

128



91

41

132


Africa


88

44

132



0


87

45

132



114

40

154


Middle East


367

48

415



0


372

43

415



351

45

396


Asia Pacific


136

104

240



8


130

102

232



140

119

259


International


951

324

1,275



17


944

314

1,258



1,023

318

1,341




















United States


1,296

52

1,348



-335


1,630

53

1,683



1,714

55

1,769


Canada


360

3

363



-5


365

3

368



625

1

626


North America


1,656

55

1,711



-340


1,995

56

2,051



2,339

56

2,395




















Worldwide


2,607

379

2,986



-323


2,939

370

3,309



3,362

374

3,736




















 

About the Baker Hughes Rig Counts
The Baker Hughes Rotary Rig Counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the United States, Canada and international markets.  Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of US and Canadian drilling activity.  Baker Hughes initiated the monthly international rig count in 1975.

North American rig count data is scheduled to be released at noon central time on the last working day of each week.  The international rig count is scheduled to be released on the 5th working day of the month at 6:00 a.m. ET.  Additional detailed information on the Baker Hughes rig counts is available from our website.

Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 62,000-plus employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information about Baker Hughes, visit: www.bakerhughes.com.

CONTACTS:


Media Relations: 

Melanie Kania, + 1.713.439.8303, melanie.kania@bakerhughes.com

Investor Relations:   

Trey Clark, +1.713.439.8039, trey.clark@bakerhughes.com


Alondra Oteyza, +1.713.439.8822, alondra.oteyza@bakerhughes.com

 

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SOURCE Baker Hughes Incorporated